CHART: Codelco’s QB stake may not be enough to stop BHP taking copper crown
Chile's state-run miner has made a $500 million offer to buy a 10% stake in the Quebrada Blanca copper mine.
It’s been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation.
At the current price of just US$3.86 a pound, 70% of the nation’s nickel producers are making a loss.
This week alone, there have been redundancies in Western Australia’s Kambalda region and Queensland Nickel, which includes the Yabulu refinery, was placed into administration.
